K bank E-mail with Tax Forms attached ?

[Upnotover]

4 minutes ago, Liverpool Lou said:

 The title of the thread...

"K bank E-mail with Tax Forms attached ?"

That wasn't the original title;

 

[Liverpool Lou]

11 hours ago, SABloke said:

 

From my experience "certified" in Thai banking means signed by the account holder.

"True certified copy" means "notarised copy", it does not mean "signed by the account holder".

[Jingthing]

2 minutes ago, JohnnyBD said:

After reading all the posts, the emails appear to be targeting non-US citizens. I (US citizen) also have accounts at several different Thai banks, and I haven't received anything from them. But, I filled out the forms when I opened my accounts, so that may be why I'm not getting the email.

Interesting.

Of course as it was 20 years agɔ I didn't fill out such forms at opening either 

[Liverpool Lou]

8 minutes ago, Upnotover said:

13 minutes ago, Liverpool Lou said:

 The title of the thread...

"K bank E-mail with Tax Forms attached ?"

That wasn't the original title;

Thanks.  What was the original title?

[Upnotover]

2 minutes ago, Liverpool Lou said:

Thanks.  What was the original title?

A good question, iirc it was less clear that the forms were attached.  You'll have to ask CharlieH or the OP for a definite confirmation.

[Chris Daley]

14 hours ago, KhunBENQ said:

Got it 20:04 (8:04 PM).

And it's obviously not a scam.

Tax topics come close.

What a time to send such email.

They want to spoil my weekend.

 

Wow the inner party workers are quick today.  You barked that out before he has finished typing.

 

''obviously'' not a scam.  Why would anyone commit that thought crime?

[Kaoboi Bebobp]

I'm Canadian and got the KBank email last mid-evening. Bit of a Saturday night shocker. Anyway, will be off to KBank on Monday to see what  this is all about, though it is clearly very focused on American tax laws. My account goes back to about 2008, I think. 

[G_Money]

20 minutes ago, Liverpool Lou said:

 The title of the thread...

"K bank E-mail with Tax Forms attached ?"

How I survive every day without your knowledge is one of the wonders of the world.

[JohnnyBD]

7 minutes ago, Liverpool Lou said:

Thanks.  What was the original title?

Original title was:

Bank sending out Tax paperwork? Anyone else get this?

[Liverpool Lou]

9 minutes ago, G_Money said:

31 minutes ago, Liverpool Lou said:

 The title of the thread...

"K bank E-mail with Tax Forms attached ?"

How I survive every day without your knowledge is one of the wonders of the world.

It amazes me also but that's what a forum is for.

[Liverpool Lou]

14 hours ago, G_Money said:

the OP never mentioned these forms,

 

4 minutes ago, JohnnyBD said:

Original title was:

Bank sending out Tax paperwork? Anyone else get this?

 

 

You're welcome.

[G_Money]

6 minutes ago, JohnnyBD said:

Original title was:

Bank sending out Tax paperwork? Anyone else get this?

Yes 

[Liverpool Lou]

.

[chelseachris63]

(UK Residents) Question 1 – Does your jurisdiction automatically issue TINs to all residents for tax purposes?

TINs are not issued to individuals who do not have a liability for UK tax or National Insurance Contributions, this includes those under 16 years of age, those who do not have a right to work in the UK as well as those with no UK tax or National Insurance Contributions liability.

 

The United Kingdom does not issue TINs in a strict sense, but it does have two TIN-like numbers, which are not reported on official documents of identification: Both the UTR and NINO are personal and private to the party they are allocated to; they are fixed for ever and they are always in the same format.

 

So back to the Kasikorn FATCA/CRS Individual Self-Certification form:

 

"If you are a resident for tax purpose of another country other than Thailand or the United States of America but no TIN is available, indicate which of the following reason is
applicable:
เหตุผล (เอ) – ประเทศที่ผู้ถือบัญชีมีถิ่นที่อยู่เพื่อวัตถุประสงค์ในการเก็บภาษีอากร ไม่ได้ออกเลขประจ าตัวผู้เสียภาษีอากรให้กับผู้อาศัยอยู่ในประเทศนั้น
Reason (A) – The jurisdiction where the account holder is a resident for tax purpose does not issue TINs to its residents.
เหตุผล (บี) – ผู้ถือบัญชีไม่ได้รับเลขประจ าตัวผู้เสียภาษีอากรที่ออกโดยประเทศนั้น (หมายเหตุ: โปรดอธิบายว่าท าไมท่านจึงไม่ได้รับเลขประจ าตัวผู้เสียภาษีอากรที่ออกโดยประเทศนั้น ใน
ค าถามข้อ 2 ของส่วนที่ 2 หากท่านเลือกเหตุผลนี้)
Reason (B) – The account holder is otherwise unable to obtain a TIN (Note: Please explain why you are unable to obtain a TIN in Question 2 of Part 2 if you selected this
reason).
Reason (ซี) – ไม่สามารถให้หรือเปิดเผยเลขประจ าตัวผู้เสียภาษีอากร (หมายเหตุ: เลือกเหตุผลนี้เฉพาะในกรณีที่กฎหมายภายในประเทศ นั้น ไม่อนุญาตให้เปิดเผยข้อมูลเลขประจ าตัว
ผู้เสียภาษีอากรของผู้ถือบัญชีที่ออกโดยประเทศดังกล่าว)
Reason (C) – TIN is not required. (Note: Select this reason only if the domestic law of the relevant jurisdiction does not permit to disclose the TIN.)"

 

Which one to choose?

[scubascuba3]

2 hours ago, chang50 said:

I am a k bank account holder for about 15 years and have not received this email but if I was to get it I would be very wary of providing any information via email.Sounds dodgy tbh.

Check your email junk folder that's where i found mine

[sikishrory]

So has anyone spoken to the bank about it yet? That seems like the first logical step here.

Can it be done in bank?

Which forms need to be done?

Don't you have the information particularly the Thai form on file already?

What if it is not done?

These would be my initial questions.

My guess is nobody asked them yet as they have either intentionally blocked the line in anticipation of the flood of expat calls or it is actually congested.

I tried to call but in typical Thai fashion "sorry we are unavailable please hold the line". I have a callback apparently but I doubt they will call.

Are Thais getting the same email?

 

- For non US people at least one form can be ignored

- The other IRS form is annoying and seems necessary to be filled out but who knows as you can't contact the bank.

- The Thai form I imagine needs to be filled out if not done already. The thing is I thought it is done together with the mountain of forms when you open an account with them.

 

I had an overseas bank recently do similar as part of their "obligations" to that particular jurisdiction.

 

As for security I don't doubt it is kbank but isn't it funny how their love of paper only is all of a sudden unimportant and they are willing to except digital copies of official documents. I've never seen that in Thailand before.

 

If anyone gets some answers from the actual bank please do share.

[scubascuba3]

2 hours ago, Moonlover said:

 

 

I am highly suspicious of this email and certainly won't be responding to it, should I receive it.

 

How many time have we all read messages from our banks, words to this affect: 'we will never ask you for confidential information by email'?

 

Sorry, I meant to attach the link and forgot. See below.

 

https://www.sumup.com/en-gb/invoices/dictionary/unique-taxpayer-reference/

Head in the sand won't help you, check your junk folder

[Seppius]

I was with the "Thai Farmers Bank" from 35 years ago, still got the original book somewhere, now of course its called Kbank

 

December the 20th deadline to return, that will soon come around

[scubascuba3]

4 hours ago, Bday Prang said:

Why,  do you not think they they will follow suit ?  It would be logical to assume that they will

Perhaps, perhaps not as my other accounts were opened more recently. Maybe worth checking with other banks to see what they say

[quake]

19 minutes ago, sikishrory said:

So has anyone spoken to the bank about it yet? That seems like the first logical step here.

Can it be done in bank?

 

Today is Sunday. 

[Spellforce]

Thank you all for the explanations.
I was ready to send today by email the first form + a signed photocopy of my passport.

(the 2 other forms I am not concerned, I dont work, I dont need a tax id and I'm not a US citizen).

But I will wait for tomorrrow, when offices will be opened and have some feedback.

[sikishrory]

Actually I just got through to them on the phone by entering the extension that was listed in the email. It bypasses the regular system.

She spoke good English and was very helpful.

 

The form / email is real.

Non- US citizens can ignore the 2 IRS ones and just fill in the Thai one.

It can be done via email as requested or done in branch for people with security concerns or who would prefer that.

I asked what if it is not done. She said then if you want to do transactions or update your account in branch you may not be able to proceed to "the next step". I said you mean "if it is not done you cannot do transactions and use your account"? She said no it is only when you try to do things in branch. Take that as you will.

I said I believe you have this info already should I still do it. She recommended yes.

For the passport she said you need to scan it on white paper and sign it then send it. 

 

She also said it is something about this being a new requirement of a system that Kbank has signed up to last year or something.

She also mentioned something about older accounts. As if to say some accounts are older and at that time the information wasn't needed but now it is. Perhaps by old she meant older than the new system they signed up to a year ago.

 

That's about all I know and asked.

 

[sikishrory]

1 minute ago, quake said:

 

Today is Sunday. 

Thai banks call centres are 7 days a week in my experience. Regardless I just spoke to them.

[quake]

3 minutes ago, sikishrory said:

Thai banks call centres are 7 days a week in my experience. Regardless I just spoke to them.

 

Ok my bad. 

 

[hotandsticky]

3 hours ago, Coota said:

Not really as I outlined in my reply, if you read it fully instead of jumping straight in to bash a contributer, I have other options and said Bank was failing in other areas of service. Don't know why you want to go off topic just for the pleasure of attacking someone and clogging up the topic with <deleted> comments.

 

 

I was bashing the content - which was dumb. I don't know you so I can't comment on whether you are dumb or not.

[BKKBike09]

2 hours ago, KhunBENQ said:

Form W-8BEN

This is meant for non US and quite a headache to understand.

Will have to digest longer

 

It's only relevant if you do business with a US taxpaying entity and want to claim exemption from US tax on grounds that you're a non-US domiciled entity. 

[Lacessit]

14 minutes ago, sikishrory said:

Actually I just got through to them on the phone by entering the extension that was listed in the email. It bypasses the regular system.

She spoke good English and was very helpful.

 

The form / email is real.

Non- US citizens can ignore the 2 IRS ones and just fill in the Thai one.

It can be done via email as requested or done in branch for people with security concerns or who would prefer that.

I asked what if it is not done. She said then if you want to do transactions or update your account in branch you may not be able to proceed to "the next step". I said you mean "if it is not done you cannot do transactions and use your account"? She said no it is only when you try to do things in branch. Take that as you will.

I said I believe you have this info already should I still do it. She recommended yes.

For the passport she said you need to scan it on white paper and sign it then send it. 

 

She also said it is something about this being a new requirement of a system that Kbank has signed up to last year or something.

She also mentioned something about older accounts. As if to say some accounts are older and at that time the information wasn't needed but now it is. Perhaps by old she meant older than the new system they signed up to a year ago.

 

That's about all I know and asked.

 

Very helpful information, thank you.

 

Interesting Kasikorn has anticipated online security concerns.

 

That's assuming she was not telling you what she thought you wanted to hear.

[kingstonkid]

16 hours ago, KhunBENQ said:

Not the slightest indication of a scam.

And the attached forms are no joke believe me!

 

Title of the forms:

1.1 FATCA-CRS FORM_INDIVIDUAL.pdf
1.2 Form W-9.pdf
1.3 Form W-8BEN.pdf

 

It will be interesting to learn whether all Kbank customer get this or only "very old" customers. Account opened in 2009. Can't remember whether I had to sign the usual "non US" confirmation" which was part of account opening at Bangkok Bank and SCB.

I got it will fill in and take to bank no sure about certified signature and really don't want to be online 

[Al BB]

4 hours ago, Bday Prang said:

Most in the UK will have a UTN    ( unique tax number) 

So where can I find that ? ....All my Tax Code Notifications from HMRC only show my NI Number as a reference.

[chang50]

51 minutes ago, scubascuba3 said:

Check your email junk folder that's where i found mine

Nothing in spam I don't remember giving them my email address anyway.